Vanguard Materials ETF (VAW) Stake Increased by M Holdings Securities Inc.
M Holdings Securities Inc. grew its stake in shares of Vanguard Materials ETF (NYSEARCA:VAW) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 27,075 shares of the company’s stock after buying an additional 3,017 shares during the quarter. Vanguard Materials ETF accounts for about 1.0% of M Holdings Securities Inc.’s portfolio, making the stock its 19th biggest position. M Holdings Securities Inc.’s holdings in Vanguard Materials ETF were worth $3,562,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in VAW. Private Capital Group LLC boosted its holdings in shares of Vanguard Materials ETF by 2,227.3% in the first quarter. Private Capital Group LLC now owns 1,280 shares of the company’s stock worth $165,000 after buying an additional 1,225 shares during the last quarter. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Vanguard Materials ETF in the second quarter worth approximately $185,000. KCM Investment Advisors LLC purchased a new position in shares of Vanguard Materials ETF in the first quarter worth approximately $208,000. Baird Financial Group Inc. purchased a new position in shares of Vanguard Materials ETF in the first quarter worth approximately $225,000. Finally, NEXT Financial Group Inc purchased a new position in shares of Vanguard Materials ETF in the first quarter worth approximately $244,000.
NYSEARCA VAW opened at $134.68 on Tuesday. Vanguard Materials ETF has a 12 month low of $124.99 and a 12 month high of $144.65.
Vanguard Materials ETF seeks to track the investment performance of the MSCI US Investable Market Materials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the materials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in a wide range of commodity-related manufacturing industries.
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